DAGO-Invest: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
DAGO-Invest
Largest movements
- Tangible fixed assets +€456,096
up €456,096 (+1,824%), from €25,000 to €481,096
of which Land and buildings: +€481,096
- Cash -€24,566
down €24,566 (-88.1%), from €27,874 to €3,308
mainly Investment in fixed assets (net) (-€545,447) and Net result for the year (-€67,371)
- Debts after one year +€463,869
new in 2025: €463,869
- Profit (loss) carried forward -€67,371
new in 2025: -€67,371
- Current portion of long-term debt +€19,256
new in 2025: €19,256
- Other debts +€16,807
up €16,807 (+60.0%), from €28,009 to €44,816
- Depreciation +€89,351
new in 2025: €89,351
- Gross operating margin +€20,795
up €20,795 (+124%), from €16,771 to €37,566
- Financial charges +€15,150
up €15,150 (+20,200%), from €75 to €15,225
- Taxes -€3,871
no longer reported in 2025 (was €3,871)
- Financial income -€447
no longer reported in 2025 (was €447)
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €57,109 | €490,454 | +€433,345 | +759% |
| Fixed assets | 21/28 | €25,000 | €481,096 | +€456,096 | +1,824% |
| Tangible fixed assets | 22/27 | €25,000 | €481,096 | +€456,096 | +1,824% |
| Land and buildings | 22 | - | €481,096 | +€481,096 | |
| Assets under construction and advance payments | 27 | €25,000 | - | -€25,000 | |
| Current assets | 29/58 | €32,109 | €9,358 | -€22,751 | -70.9% |
| Amounts receivable within one year | 40/41 | €4,235 | €6,050 | +€1,815 | +42.9% |
| Trade receivables | 40 | €4,235 | €6,050 | +€1,815 | +42.9% |
| Cash at bank and in hand | 54/58 | €27,874 | €3,308 | -€24,566 | -88.1% |
| Total equity and liabilities | 10/49 | €57,109 | €490,454 | +€433,345 | +759% |
| Equity | 10/15 | €23,146 | -€44,225 | -€67,371 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €13,146 | €13,146 | = | 0.0% |
| Distributable reserves | 133 | €13,146 | €13,146 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€67,371 | -€67,371 | |
| Amounts payable | 17/49 | €33,963 | €534,679 | +€500,716 | +1,474% |
| Amounts payable after more than one year | 17 | - | €463,869 | +€463,869 | |
| Financial debts | 170/4 | - | €463,869 | +€463,869 | |
| Amounts payable within one year | 42/48 | €33,963 | €70,810 | +€36,847 | +108% |
| Current portion of amounts payable after more than one year | 42 | - | €19,256 | +€19,256 | |
| Trade debts | 44 | €126 | - | -€126 | |
| Suppliers | 440/4 | €126 | - | -€126 | |
| Taxes, remuneration and social security | 45 | €5,828 | €6,738 | +€910 | +15.6% |
| Taxes | 450/3 | €5,828 | €6,738 | +€910 | +15.6% |
| Other amounts payable | 47/48 | €28,009 | €44,816 | +€16,807 | +60.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €89,351 | +€89,351 | |
| Other operating charges | 640/8 | €126 | €361 | +€235 | +187% |
| Gross operating margin | 9900 | €16,771 | €37,566 | +€20,795 | +124% |
| Operating profit (loss) | 9901 | €16,645 | -€52,146 | -€68,791 | |
| Financial income | 75/76B | €447 | - | -€447 | |
| Recurring financial income | 75 | €447 | - | -€447 | |
| Financial charges | 65/66B | €75 | €15,225 | +€15,150 | +20,200% |
| Recurring financial charges | 65 | €75 | €15,225 | +€15,150 | +20,200% |
| Profit (loss) for the period before taxes | 9903 | €17,017 | -€67,371 | -€84,388 | |
| Income taxes | 67/77 | €3,871 | - | -€3,871 | |
| Profit (loss) for the period | 9904 | €13,146 | -€67,371 | -€80,517 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,146 | -€67,371 | -€80,517 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.